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Cost Acct 3560 Emma Dodson & | 03/02/20 6:02 PM Homework: Chapter 17 Homework Save 5 of 5 (4 complete) HW Score: 80%, 4 of
Cost Acct 3560 Emma Dodson & | 03/02/20 6:02 PM Homework: Chapter 17 Homework Save 5 of 5 (4 complete) HW Score: 80%, 4 of 5 pts Score: 0 of 1 pt E17-32 (similar to) Question Help Classic Clothing, Inc., is a manufacturer of winter clothes. It has a knitting department and a finishing department. This exercise foi added evenly during the process. Suppose that Classic uses the FIFO method. The following information for June 2017 is available E: (Click the icon to view the information.) A Data Table Read the requirements. Requirement 1. Calculate equivalent units of work done in the current period (for transferred-in costs, direct materials, and conver process. (Enter a "0" for any zero balances.) Physical Units Transferred-In (tons) Costs Direct Materials Conversion Costs Work in process, beginning inventory (June 75 $ Physical Units (tons) Equivalent Units Transferred-In Direct Costs Materials Conversion Costs 60,000 $ 100% 0$ 0% 22,500 60% 135 75 Work in process, beginning Transferred-in during current period 135 Degree of completion, beginning work in process Transferred-in during June Completed and transferred out during June Work in process, ending inventory (June 30) Degree of completion, ending work in process Total costs added during June 210 100% 135,000 $ 0% 33,750 $ 75% 76,500 $ To account for Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending 0 75 7575 6001 Accounted for 135 150 Equivalent units of work done in current period Print Done Enter any number in the edit fields and then click Check Answer. A parts Clear All remaining Check
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